|Home | Bookmark | Tell||Active petitions in over 75 countries||Follow GoPetition|
Petition Tag - superannuation
For far too long now, our political members have been giving themselves EXTREME and UNJUSTIFIED payrises every year while the rest of Australians suffer undignified financial losses in all sectors.
Nor do they need the pension on top of their superannuation payout.
This is pure greed and nothing more.
The Government is looking to reduce the current tax concessions for superannuation. This is despite all of the Government's enquiries, reports and committees plus associations such as ASFA, AIST, FPA and ASMA agreeing that superannuation is the key to a successful, worry free retirement.
Any change by the Government to superannuation tax concessions now will undermine the Australian people's confidence in superannuation. And it may be the thin edge of the wedge - a small haircut now and maybe a bigger one later?
Self reliance or social security in retirement? Which do you choose?
Save our Super now - tell the government that they must act on their word not to touch superannuation. Don't mess with our super - ever!
The Finance Sector Union is calling on finance workers to support the push for employer superannuation contributions to be increased to 12%.
Numerous studies and research projects have demonstrated the benefits of long term investment accounts and compounding or reinvestment of investment gains.
Examples: US ASPIRE ACT, UK Child Trust Fund, Singapore’s Central Provident Fund.
Socially responsible investment is the most effective way the general public can influence industry to be accountable for their actions.
All Government of South Australia employees are mandated to use Super SA for the compulsory employer contribution portion of their superannuation. Although we do have a number of risk Vs return investments options, we do not have any influence over the ethical decisions of the companies that we are forced to invest in.
Of all of the State Government super funds in Australia Super SA is the only Sate Government super fund that does not offer a socially responsible investment super option.
What is needed
As an employee of the Government of South Australia I demand the option to have my superannuation invested in socially and environmentally sustainable companies.
I want my super invested in companies that are doing the right thing. Companies that provide not only potential for good returns but also socially and environmentally responsible development. I want to invest in sustainable industries such as renewable energy, sustainable timber plantations, complementary medicine, energy efficient building developments and education.
Why it is needed
Super SA currently has no ethical screening for its investment options. Today Super SA can not guarantee that your retirement funds are not being used to support companies that are involved in gambling, armaments, tobacco and alcohol, uranium mining, native forest logging, repressive regimes and companies with poor environmental and social policies.
If we do not demand the option to change no option will be given to us.
“To date, very few members of Super SA schemes have ever requested that an ethical investment option be made available. Therefore, Super SA is not planning to survey all our members in the near future, given the cost involved in doing so.”
Super SA, 30 April 2007
It is your money and you should at least have the option to choose how it is invested.